Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 89 contracts
Sources: Business Loan Agreement (Litronic Inc), Business Loan Agreement (Discas Inc), Business Loan Agreement (New America Network Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 73 contracts
Sources: Business Loan Agreement (Black Ridge Oil & Gas, Inc.), Business Loan Agreement (Medalist Diversified REIT, Inc.), Business Loan Agreement (Collectors Universe Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.
Appears in 52 contracts
Sources: Business Loan Agreement (BayFirst Financial Corp.), Business Loan Agreement, Business Loan Agreement (Landmark Bancorp Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender▇▇▇▇▇▇.
Appears in 34 contracts
Sources: Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc), Business Loan Agreement (Lodging Fund REIT III, Inc.), Business Loan Agreement (Electromed, Inc.)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender▇▇▇▇▇▇.
Appears in 24 contracts
Sources: Business Loan Agreement (Addvantage Technologies Group Inc), Business Loan Agreement (Gaia, Inc), Business Loan Agreement (IMH Financial Corp)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 19 contracts
Sources: Loan Agreement (Industrial Services of America Inc /Fl), Change in Terms Agreement (Fotoball Usa Inc), Business Loan Agreement (Thanksgiving Coffee Co Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's Borrowers assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 10 contracts
Sources: Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts’s accounts receivable, except to Lender.
Appears in 5 contracts
Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Syra Health Corp)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderL▇▇▇▇▇.
Appears in 4 contracts
Sources: Business Loan Agreement (Where Food Comes From, Inc.), Business Loan Agreement (United Bancorp Inc /Mi/), Business Loan Agreement (Superior Drilling Products, Inc.)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, ; (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, ; or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 4 contracts
Sources: Line of Credit Business Loan Agreement (Citadel Holding Corp), Agricultural Loan Agreement (Citadel Holding Corp), Agricultural Loan Agreement (Citadel Holding Corp)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's ’s assets, or (c) sell with recourse any of Borrower's ’s accounts, except to Lender.
Appears in 3 contracts
Sources: Business Loan Agreement (Nutech Digital Inc), Business Loan Agreement (Scanner Technologies Corp), Loan Agreement (Synergetics Usa Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to LenderL▇▇▇▇▇.
Appears in 3 contracts
Sources: Business Loan Agreement (Pro Dex Inc), Business Loan Agreement (Reliv International Inc), Business Loan Agreement (Aetrium Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender. Continuity of Operations.
Appears in 3 contracts
Sources: Business Loan Agreement (Quadrax Corp), Business Loan Agreement (Quadrax Corp), Business Loan Agreement (Web Press Corp)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 2 contracts
Sources: Business Loan Agreement (Key Technology Inc), Business Loan Agreement (Key Technology Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender▇▇▇▇▇▇.
Appears in 2 contracts
Sources: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's Borrowers accounts, except to Lender.
Appears in 2 contracts
Sources: Loan Agreement (Hemacare Corp /Ca/), Loan Agreement (Hemacare Corp /Ca/)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 2 contracts
Sources: Business Loan Agreement (Labor Ready Inc), Business Loan Agreement (Stearns & Lehman Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, money including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (Accord Advanced Technologies Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of the Borrower's assets, or (cC) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (Lindal Cedar Homes Inc /De/)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or on assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrowerborrower's assets, including but not limited to any stock of any subsidiary, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, ,* (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, * or (c) sell self with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness ndebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (First Southern Funding Inc)
Indebtedness and Liens. Except for otherwise as approved by the Lender trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower▇▇▇▇▇▇▇▇'s accounts, except to Lender▇▇▇▇▇▇.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business business, and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, in or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to LenderLender and except for Borrower's accounts as allowed as a permitted lien.
Appears in 1 contract
Indebtedness and Liens. Except except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including except capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Loan Agreement (United Medicorp Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leaseslosses, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accountsAccounts, except to Lender.
Appears in 1 contract
Sources: Disbursement Request and Authorization (Regeneration Technologies Inc)
Indebtedness and Liens. Except for trade traded debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including Including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business business, equipment lease, and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Promissory Note (Gynecare Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including other than capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber encounter any of the Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender, or pursuant to the Factor Agreement. CONTINUITY OF OPERATIONS.
Appears in 1 contract
Sources: Loan Agreement (Cutter & Buck Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness indebtness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including other than equipment or capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, sell transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, assets or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (First Southern Funding Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender. Continuity of Operations.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business as previously disclosed to Lender and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, pledge lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (International Dispensing Corp)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsBorrower`s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's Borrower`s accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (Trimedia Entertainment Group Inc)
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this the Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, money including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, lease grant a security interest in, or encumber any of Borrower's assets, assets (except as allowed as Permitted Liens) or (c3) sell with recourse any of Borrower's accounts, except to Lender.
Appears in 1 contract
Sources: Business Loan Agreement (Ironclad Performance Wear Corp)